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I can't answer why he took the action he did. I will say that he did not "steal it". If the lending agreement was in default the vehicle is subject to being repossessed and it is the legal right of the lien holder to do so. A lending agreement is considered defaulted if even one of the terms is not adhered to; meaning even when a payment is late the lender/lien holder can take whatever action necessary to secure their interest in the collateral/property.
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What happened if you were behind on payments and the lender offered to refinance and lower the payments and said you were approved and then repossessed the car?
Generally you would have to sign paper work if the bank had approved a refinance agreement . In that case you could take legal action . They could however reposses the vehical if you fell behind again on your payments after sighing the agreement. Guess what......... banks and lenders LIE !!!!! If it is not in writing then there is no agreement so you don't have any recourse. Unfortunately you learned the hard way.
How many payments can you be behind before your car go into repossession?
As little as 1. Depends on the lender and the agreement you signed. Read the loan agreement. My advice. Call the lender and talk about this. Work something out! You do not want your car repossed.
Could you lose your home if you are behind on payments and your car rolls down hill into it?
Of course YOU WILL LOOSE YOUR HOUSE IF YOUR BEHIND ON PAYMENTS.
How many payments do you have to be behind to get your car repoed in GA?
no more than 2 payments
What are the release dates for Preachers' Daughters - 2013 Behind the Pulpit - 1.10?
Preachers' Daughters - 2013 Behind the Pulpit - 1.10 was released on: USA: May 2013
Can a finance company repossess your car when you lose your job?
Only if you stopped making payments and are behind on your on your payments.
Why is it important to make payments on time?
If you fall behind on payments you may often receive late charges.
How can you keep from going to jail if you are behind on child support payments?
Catch up on your child support payments.
What bankruptcy can you file to keep your home if you are behind in payments?
If you are behind in your payments and you declare bankruptcy usually you can remain in your home and continue payments. However the lender will most likely begin foreclosure since you can't afford it and you are at higher risk.
Can your mortgage company attach your savings account if you are behind on payments?
No.
How many payments behind will Volkswagen repo your car for?
two
Can westlake financial repo your car?
if you are behind on payments then yes they can
